DEVELOPMENT LAND - LAND IN WESTERN CAPE, SOUTH AFRICA FROM 186 938 💷 GBP
- Location:
- WESTERN CAPE, SOUTH AFRICA
- Category:
- LAND FOR SALE
- Type:
- Development Land
- Beds:
- -
- Currency:
- £ GBP
- Prices:
- -
- Results:
- 1 listings
A rare opportunity has arisen to secure this 3 898 Square Meter piece of land situated at the top of Hout Bay with sea views & mountain views. Build your dream home today! Call now to view
Development Land for sale in Houtbaai
£186,938
Houtbaai, Western Cape, South Africa
Listed By: LOLAKRAMER on 24.11.2015View all available Development Land in Western Cape, South Africa from 186 938 💷 GBP on TheMoveChannel.com.
After six long years of stagnation and even in the face of an economy that's shown little movement, property prices across South Africa's Western Cape are finally on the up. As such, new investor interest is being directed at the region at a pace not seen for some time, although buy-to-let investment opportunities remain somewhat thin on the ground, at least as far as healthy yields are concerned. Even with property prices still comparatively low, Cape Town yields hover around the 3 per cent to 4 per cent mark, but short-term holiday lets can be more profitable. Buying to sell is another story, as with the market's return to strength only just beginning, economists believe that from hereon in, the only way is up.
Development land has the potential for developing real estate on a larger scale than an individual building plot. Planning permission may already be in place for a project, such as a resort, a community of residential properties or commercial real estate, or the land may require further investment and promotion in order to start development.
After six long years of stagnation and even in the face of an economy that's shown little movement, property prices across South Africa's Western Cape are finally on the up. As such, new investor interest is being directed at the region at a pace not seen for some time, although buy-to-let investment opportunities remain somewhat thin on the ground, at least as far as healthy yields are concerned. Even with property prices still comparatively low, Cape Town yields hover around the 3 per cent to 4 per cent mark, but short-term holiday lets can be more profitable. Buying to sell is another story, as with the market's return to strength only just beginning, economists believe that from hereon in, the only way is up.
Development land has the potential for developing real estate on a larger scale than an individual building plot. Planning permission may already be in place for a project, such as a resort, a community of residential properties or commercial real estate, or the land may require further investment and promotion in order to start development.